EOG Resources, Inc. (EOG) Stock Forecast & Predictions

EOG Resources, Inc. EOG: $68.35

1111 Bagby St Lbby 2, Houston, Texas, US. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.eogresources.com/

  • Market Cap$40.25B
  • Change (52 Weeks)64.64%
  • Low (52 Weeks)$30.85
  • EOG Resources, Inc. (EOG) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, EOG Resources, Inc. (EOG) stock price is $68.35 and the 52 weeks low is $30.85, which means the EOG Resources, Inc. stock price is up 64.64% in the last 12 months.

    EOG Resources, Inc. (EOG) Stock Price has been Trending Strongly with an ADX reading of 30.14 as per the Weekly Chart.

    A Upward trend indicates that EOG Resources, Inc. (EOG) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that EOG Stock price might rise further, 18.75% indicating that EOG Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall EOG stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    EOG Resources, Inc. (EOG) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for EOG Resources, Inc. (EOG) is based on 37 Institutional Analyst Ratings where 51.35% are on Strong Buy, 16.22% on Moderate Buy, 32.43% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 37 Institutional Analysts, majority recommended EOG stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of EOG Resources, Inc..

    EOG Resources, Inc. (EOG) Stock Price Prediction By Analysts


    HighLowAverage
    $114.45$46.46$83.80
    $83.8022.61% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for EOG set by the institutional analysts is $83.80 where High Estimate is $114.45, Median $83.64 and Low $46.46.

    The average price target for EOG by Institutional Analysts is $83.80, which is 22.61% Upside from the current price. So according to the Institutional Analysts, EOG Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    EOG Resources, Inc. (EOG) Stock Forecast Based on News Sentiment


    Neutral
    Based on 25 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of EOG consisting of positive and negative, it shows that EOG Resources, Inc. had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so EOG stock price most likey won't have any reaction to last weeks news coverage.

    EOG Resources, Inc. (EOG) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    MizuhoBuyMaintained
    Goldman SachsNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    ScotiabankSector OutperformUpgraded
    BarclaysEqual-WeightMaintained
    CitigroupBuyMaintained
    B of A SecuritiesNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    KeyBancOverweightMaintained
    Johnson RiceAccumulateDowngraded
    Tudor PickeringHoldDowngraded
    BarclaysEqual-WeightMaintained
    KeyBancOverweightMaintained
    BarclaysEqual-WeightDowngraded
    Morgan StanleyEqual-WeightMaintained
    B of A SecuritiesBuyUpgraded
    Piper SandlerOverweightUpgraded
    Raymond JamesOutperformMaintained
    KeyBancOverweightMaintained
    B of A SecuritiesNeutralMaintained
    Northland Capital MarketsMarket PerformInitiated
    Morgan StanleyEqual-WeightMaintained
    Piper SandlerNeutralMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganNeutralDowngraded
    BarclaysOverweightMaintained
    Wolfe ResearchPeer PerformDowngraded
    ScotiaBankSector PerformMaintained
    UBSBuyMaintained
    Wells FargoEqual-WeightMaintained
    SunTrust Robinson HumphreyBuyUpgraded
    KeyBancOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    StifelBuyMaintained
    Credit SuisseOutperformMaintained
    CitigroupBuyMaintained
    B of A SecuritiesBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    SunTrust Robinson HumphreyHoldMaintained
    Wells FargoEqual-WeightMaintained
    UBSBuyMaintained
    StifelBuyUpgraded
    KeyBancOverweightMaintained
    Piper SandlerNeutralDowngraded
    CitigroupBuyMaintained
    Wells FargoEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Wells FargoEqual-WeightDowngraded
    SunTrust Robinson HumphreyHoldDowngraded
    CFRABuyDowngraded
    Stifel NicolausBuyMaintained
    Edward JonesHoldDowngraded
    Raymond JamesOutperformMaintained
    BairdOutperformMaintained
    SunTrust Robinson HumphreyBuyUpgraded
    Wells FargoOverweightMaintained
    Bank of AmericaBuyUpgraded
    BarclaysOverweightMaintained
    Johnson RiceAccumulateUpgraded
    ScotiaBankSector PerformInitiated
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyMaintained
    Wells FargoOutperformMaintained
    Stifel NicolausBuyMaintained
    BarclaysOverweightMaintained
    Raymond JamesOutperformMaintained
    KeyBancOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyMaintained
    JP MorganOverweightMaintained
    OppenheimerOutperformMaintained
    CitigroupBuyMaintained
    Wells FargoOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightMaintained
    MKM PartnersBuyUpgraded
    KeyBancOverweightMaintained
    MKM PartnersNeutralDowngraded
    Tudor PickeringBuyUpgraded
    OppenheimerOutperformInitiated
    MKM PartnersBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    RBC CapitalOutperformUpgraded
    SunTrust Robinson HumphreyBuyInitiated
    JP MorganOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformUpgraded
    BarclaysOverweightMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    BarclaysOverweightInitiated
    Morgan StanleyEqual-WeightMaintained
    Stifel NicolausBuyMaintained
    MizuhoBuyInitiated
    Morgan StanleyEqual-WeightInitiated
    TD SecuritiesBuyInitiated
    BairdOutperformMaintained
    Tudor PickeringHoldDowngraded
    Bank of AmericaBuyUpgraded
    Bank of AmericaNeutralMaintained
    JP MorganNeutralMaintained
    UBSBuyInitiated
    Credit SuisseNeutralMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyOverweightMaintained
    Bank of AmericaNeutralDowngraded
    CitigroupBuyUpgraded
    Credit SuisseNeutralInitiated
    BarclaysOverweightMaintained
    JefferiesHoldMaintained
    Morgan StanleyOverweightMaintained
    JP MorganNeutralMaintained
    BarclaysOverweightMaintained
    Imperial CapitalOutperformInitiated
    PiperJaffrayOverweightMaintained
    Morgan StanleyOverweightUpgraded
    BarclaysOverweightMaintained
    CitigroupNeutralDowngraded
    Atlantic EquitiesOverweightUpgraded
    Raymond JamesOutperformUpgraded
    UBSBuyUpgraded
    Bank of AmericaBuyUpgraded
    Atlantic EquitiesNeutralDowngraded
    Stifel NicolausBuyUpgraded
    BairdOutperformMaintained
    Capital One FinancialOverweightUpgraded
    CLSAOutperformUpgraded
    Societe GeneraleHoldDowngraded
    CitigroupBuyMaintained
    FBR CapitalOutperformInitiated
    RBC CapitalSector PerformMaintained
    JefferiesHoldMaintained
    CLSAUnderperformMaintained
    BarclaysOverweightMaintained
    WunderlichBuyUpgraded
    BarclaysOverweightMaintained
    UBSNeutralMaintained
    CitigroupBuyMaintained
    Tudor PickeringBuyDowngraded
    BarclaysOverweightMaintained
    CLSAUnderperformInitiated
    BarclaysOverweightMaintained
    Johnson RiceHoldDowngraded
    BernsteinOutperformMaintained
    SusquehannaNeutralDowngraded
    Canaccord GenuityBuyUpgraded
    Stifel NicolausHoldDowngraded
    Cowen & Co.Market PerformInitiated
    Deutsche BankBuyMaintained
    WunderlichHoldDowngraded
    BarclaysOverweightMaintained
    GMP SecuritiesBuyInitiated
    JP MorganNeutralMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    SusquehannaPositiveMaintained
    NomuraBuyMaintained
    Deutsche BankBuyMaintained
    CitigroupNeutralDowngraded
    Raymond JamesMarket PerformDowngraded
    BarclaysOverweightMaintained
    CitigroupNeutralMaintained
    Credit SuisseNeutralDowngraded
    BarclaysOverweightMaintained
    SusquehannaPositiveMaintained
    BarclaysOverweightMaintained
    OppenheimerPerformDowngraded
    CLSAOutperformUpgraded
    BarclaysOverweightMaintained
    Stephens & Co.OverweightInitiated
    BarclaysOverweightMaintained
    JefferiesHoldUpgraded
    RBC CapitalOutperformMaintained
    NomuraBuyInitiated
    JefferiesUnderperformMaintained
    WunderlichBuyMaintained
    BarclaysOverweightMaintained
    UBSNeutralDowngraded
    MacquarieNeutralDowngraded
    Capital One FinancialUnderweightDowngraded
    CitigroupNeutralDowngraded
    Stifel NicolausBuyUpgraded
    Deutsche BankBuyMaintained
    BarclaysOverweightMaintained
    Deutsche BankBuyMaintained
    Bank of AmericaNeutralDowngraded
    BarclaysOverweightMaintained
    OppenheimerOutperformMaintained
    Deutsche BankBuyMaintained
    Stifel NicolausHoldInitiated
    CitigroupBuyMaintained
    JP MorganOverweightMaintained
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    Miller TabakBuyUpgraded
    WunderlichBuyMaintained
    GuggenheimBuyUpgraded
    Morgan StanleyOverweightMaintained
    BernsteinOutperformUpgraded
    BarclaysOverweightMaintained
    MacquarieOutperformUpgraded
    KLR GroupBuyUpgraded
    Wolfe ResearchOutperformInitiated
    BarclaysOverweightMaintained
    Raymond JamesOutperformMaintained
    Deutsche BankBuyMaintained
    BernsteinMarket PerformDowngraded
    Argus ResearchBuyInitiated
    ArgusBuyInitiated
    JP MorganOverweightMaintained
    KLR GroupAccumulateDowngraded
    BMO CapitalOutperformInitiated
    Deutsche BankBuyMaintained
    BarclaysOverweightMaintained
    WunderlichBuyUpgraded
    CitigroupOverweightMaintained
    UBSBuyMaintained
    Morgan StanleyOverweightMaintained
    BarclaysOverweightMaintained
    Scotia Howard WeilSector PerformDowngraded
    FBR CapitalMarket PerformMaintained
    Deutsche BankBuyMaintained
    Raymond JamesOutperformMaintained
    JefferiesBuyMaintained
    Deutsche BankBuyMaintained
    BarclaysOverweightMaintained
    WunderlichHoldMaintained
    UBSBuyMaintained
    Societe GeneraleBuyUpgraded
    RBC CapitalOutperformMaintained
    Morgan StanleyOverweightMaintained
    Goldman SachsBuyMaintained
    BairdOutperformMaintained
    CitigroupBuyMaintained
    Deutsche BankBuyMaintained
    MacquarieNeutralDowngraded
    WunderlichHoldMaintained
    Miller TabakHoldDowngraded
    FBR CapitalMarket PerformDowngraded
    Credit SuisseOutperformUpgraded
    Societe GeneraleSellDowngraded
    Morgan StanleyOverweightUpgraded
    JefferiesBuyMaintained
    Deutsche BankBuyMaintained
    KLR GroupBuyInitiated
    Bank of AmericaBuyUpgraded
    Stifel NicolausBuyUpgraded
    Societe GeneraleHoldUpgraded
    ISI GroupNeutralInitiated
    Societe GeneraleSellMaintained
    WunderlichHoldMaintained
    JefferiesBuyMaintained
    Bank of AmericaNeutralMaintained
    Deutsche BankBuyMaintained
    JP MorganOverweightMaintained
    MacquarieUpgraded
    Morgan StanleyEqual-WeightInitiated
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    WunderlichHoldDowngraded
    Societe GeneraleSellDowngraded
    Canaccord GenuityBuyMaintained
    BarclaysOverweightMaintained
    UBSBuyMaintained
    Miller TabakBuyMaintained
    Deutsche BankBuyMaintained
    Tudor PickeringAccumulateDowngraded
    BarclaysOverweightMaintained
    Scotia Howard WeilOutperformMaintained
    Canaccord GenuityBuyMaintained
    Miller TabakBuyUpgraded
    BarclaysOverweightMaintained
    JP MorganOverweightMaintained
    UBSBuyMaintained
    Societe GeneraleBuyMaintained
    Miller TabakHoldInitiated
    JP MorganOverweightMaintained
    BarclaysOverweightMaintained
    Societe GeneraleBuyUpgraded
    GuggenheimNeutralMaintained
    OppenheimerOutperformMaintained
    Goldman SachsBuyMaintained
    Deutsche BankBuyMaintained
    Canaccord GenuityBuyMaintained
    Brean CapitalBuyMaintained
    Societe GeneraleHoldUpgraded
    Deutsche BankBuyMaintained
    WunderlichBuyMaintained
    ScotiabankSector PerformMaintained
    Brean CapitalBuyMaintained

    EOG Resources, Inc. (EOG) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.253
    The average consensus EPS for EOG is $1.253 with a high estimate of $1.932 and Low of $0.774 for the period 2021-06-30 and based on 25 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.43$0.189667900000000032020-09-30


    The latest average Earning Per Share Estimate for EOG Resources, Inc. is $1.25, which is higher than EOG's last EPS, $0.43. This means that Analysts are expecting EOG Resources, Inc. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of EOG Resources, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.43$0.189667900000000032020-09-30
    $-0.23$-0.05012632020-06-30
    $0.55$0.66442850000000012020-03-31
    $1.35$1.16191412019-12-31
    $1.13$1.14494612019-09-30
    $1.31$1.33173550000000022019-06-30
    $1.19$1.03134132019-03-31
    $1.24$1.35128912018-12-31
    $1.75$1.53432132018-09-30
    $1.37$1.24670359999999982018-06-30
    $1.19$1.01508030000000022018-03-31
    $0.69$0.53176499999999992017-12-31
    $0.19$0.10355532017-09-30
    $0.08$0.10739332017-06-30
    $0.15$0.150843500000000022017-03-31
    $-0.01$-0.1406932016-12-31
    $-0.4$-0.31296872016-09-30
    $-0.38$-0.48594132016-06-30
    $-0.83$-0.84917772016-03-31
    $-0.27$-0.31454432015-12-31
    $0.02$-0.30296972015-09-30
    $0.28$0.10438352015-06-30
    $0.03$0.00173722015-03-31
    $0.79$1.02678622014-12-31
    $1.31$1.31296972014-09-30
    $1.45$1.3810742014-06-30
    $1.4$1.21631272014-03-31
    $1$0.9779832013-12-31
    $1.16$1.04089592013-09-30
    $1.05$0.87875052013-06-30
    $0.9$0.59305182013-03-31
    $0.805$0.68375992012-12-31
    $0.865$0.56634740000000012012-09-30
    $0.58$0.45739872012-06-30
    $0.585$0.58672922012-03-31
    $0.575$0.44614732011-12-31
    $0.415$0.39343542011-09-30
    $0.555$0.4003642011-06-30
    $0.34$0.27178092011-03-31
    $0.18$0.13186562010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).